IS CZECH The Best place to take residence?

[shizui04421]

Hello,

I have an offshore company in hong kong,

I am considering to take a secondary residence in a "tax heaven" jurisdiction,

I am considering to take it on Czech republic because it doesn't look hard to take and expensive,

And since i want to stay closer to Europe i think this is the best place,

What would you guys suggest me ?

 

[Sols]

It's a nice place.

I wouldn't call it a tax haven, though. 19% corporate income‌ tax, and personal income taxes that start at 15% and go to 23% after around‍ 80,000 EUR. Certain foreign capital gains can be taxed at 15% flat.

So depending on⁠ how it's structured, your Hong Kong company could become tax resident in Czechia and have⁤ to pay the 19% corporate income tax and then you pay 15-23% income tax on⁣ what you pay yourself. If you aren't involved in running the company's day to day⁢ operations, it's possible you could avoid company tax residence in Czechia. In that case, you'd︀ be looking at 15% flat tax rate for your own dividends.

 

[void]

@Sols has it right
it's far from⁣ being a tax heaven but it's way less than western standard and for certain cases⁢ taxation (including mandatory health/social insurance) is low
banking, incorporation and AML enforcement is still very︀ relaxed and cheap (nevertheless the trend is the same as everywhere)
if you don't mind︁ the weather it's a great place to live (at least for now)

 

[Marzio]

Greece could be a better option: 5% taxation on dividends (the lowest in EU) but‌ you have to be aware of CFC rules (50%+ ownership of HK company & paid‍ CIT by HK company is less than 50% of GR CIT & 30%+ of HK⁠ income is passive income)